PTM Wealth Management LLC Makes New $605,000 Investment in Lightwave Logic Inc. $LWLG

PTM Wealth Management LLC bought a new stake in Lightwave Logic Inc. (NASDAQ:LWLG) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 100,000 shares of the company’s stock, valued at approximately $605,000. Lightwave Logic comprises approximately 0.3% of PTM Wealth Management LLC’s investment portfolio, making the stock its 19th biggest position. PTM Wealth Management LLC owned 0.06% of Lightwave Logic as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Lightwave Logic by 3.4% during the third quarter. Vanguard Group Inc. now owns 9,122,676 shares of the company’s stock worth $33,845,000 after purchasing an additional 296,908 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in Lightwave Logic in the 4th quarter valued at approximately $5,508,000. Geode Capital Management LLC raised its holdings in Lightwave Logic by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 1,694,599 shares of the company’s stock valued at $5,493,000 after buying an additional 120,454 shares during the last quarter. State Street Corp boosted its position in Lightwave Logic by 177.8% during the 4th quarter. State Street Corp now owns 1,593,600 shares of the company’s stock worth $5,163,000 after buying an additional 1,019,881 shares during the period. Finally, Marshall Wace LLP boosted its position in Lightwave Logic by 4,591.9% during the 4th quarter. Marshall Wace LLP now owns 1,013,735 shares of the company’s stock worth $3,285,000 after buying an additional 992,129 shares during the period. 27.04% of the stock is owned by institutional investors and hedge funds.

Lightwave Logic Price Performance

Shares of LWLG opened at $7.57 on Friday. The business has a 50-day moving average of $7.75 and a 200-day moving average of $8.27. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -47.31 and a beta of 2.48. Lightwave Logic Inc. has a 1 year low of $1.99 and a 1 year high of $18.71.

Lightwave Logic (NASDAQ:LWLG) last announced its earnings results on Friday, August 14th. The company reported ($0.04) EPS for the quarter. The company had revenue of $0.03 million during the quarter. Lightwave Logic had a negative net margin of 9,019.34% and a negative return on equity of 38.79%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wall Street Zen cut shares of Lightwave Logic from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lightwave Logic in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Lightwave Logic Company Profile

Lightwave Logic, Inc (NASDAQ: LWLG) is a U.S.-based photonics company focused on the development and commercialization of proprietary electro‐optic polymer materials and devices for high-speed optical communications. The company’s core technology platform centers on organic electro-optic polymers that offer low drive voltage, high modulation bandwidth and integration flexibility, enabling next-generation optical interconnects for data centers, telecommunications and emerging photonic computing architectures.

Lightwave Logic’s product pipeline includes modulators, waveguides and integrated photonic components designed to outperform traditional lithium-niobate and silicon-based solutions in terms of size, power consumption and ease of integration.